Quantbot Technologies LP Purchases New Stake in Thomson Reuters Corp $TRI

Quantbot Technologies LP acquired a new position in shares of Thomson Reuters Corp (NASDAQ:TRI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,616 shares of the company’s stock, valued at approximately $785,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TLT Family Holdco ULC purchased a new stake in Thomson Reuters in the 2nd quarter valued at $865,442,000. SEG Family Corp. purchased a new position in shares of Thomson Reuters during the 2nd quarter worth $659,930,000. Invesco Ltd. boosted its position in shares of Thomson Reuters by 461.1% during the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after acquiring an additional 1,851,677 shares during the last quarter. Norges Bank acquired a new position in shares of Thomson Reuters during the 4th quarter valued at about $153,417,000. Finally, BlackRock Inc. purchased a new stake in shares of Thomson Reuters in the second quarter valued at about $91,548,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of analyst reports. Canaccord Genuity Group reduced their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada raised their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Scotiabank reaffirmed a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a research report on Thursday, August 6th. Finally, Barclays reiterated an “overweight” rating and issued a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of “Moderate Buy” and an average price target of $142.83.

Thomson Reuters Stock Down 1.8%

Shares of NASDAQ:TRI opened at $102.45 on Thursday. The firm has a market capitalization of $44.63 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 1.53 and a beta of 0.75. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $180.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s 50-day moving average is $94.57 and its two-hundred day moving average is $92.26.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. Analysts predict that Thomson Reuters Corp will post 4.45 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $0.655 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.6%. Thomson Reuters’s payout ratio is 69.68%.

Thomson Reuters Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.